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Hardcored breakout systems (to code)

  • #21
  • Oct 19, 2018 12:40pm Oct 19, 2018 12:40pm
Quoting Fxmd
Good job Retina, I’m already working on development of another breakout system with higher risk to reward ratio (1:5-1:15) and higher trade frequency.
Hi...sorry U r also in this list...U should be next....sorry!
Attached Image
Vucking good EA coder... https://t.ly/AZjRM
  • #22
  • Oct 20, 2018 5:52pm Oct 20, 2018 5:52pm
This looks like a fun thread, mind if I join in?

I have seen a thread on follow the monthly candle and another on follow the daily candle, maybe it time for FOLLOW the WEEKLY CANDLE?

You want breakouts, you want big pips, why not weekly breakouts?

The concept, place the trade at the breakout of the previous week's high or low; price will determine the direction.

Or perhaps 10 or 20 pips outside that level, depends on your experience with this; an EA won't care.

Do this as a BASKET trade for the 28 pairs, basket theory being, positive moves will overcome any negative positions.

Close all positions on Friday 1 or 2 hours before market stops.

Simple enough, right?

Now, this is where you all step in with all the complications:

Where is the stop loss? What if there is a "gap" opening? What if price breaks both high and low? How to determine position size? And so on...

I have looked at the charts and some weeks have looked absolutely brilliant but then the next week is dismal, go figure.

Anyway, just putting it out there, if there is an EA that could just crunch the simple numbers, then deal with specifics later, that would be great.

Here are the numbers for last week only: +919 pips (don't ever trust my math, check for yourself) and an example, over to you boss!

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It takes a lot for me to IGNORE you, but you can try.
  • #23
  • Edited 6:50pm Oct 20, 2018 6:25pm | Edited 6:50pm
I did manage to find this old thread, although I don't agree the words Weekly and Scalping should ever be used together

https://www.forexfactory.com/showthread.php?t=11937



On Edit:

This post has the rules clearly stated. The concept of entering @ 50 pips away from the Weekly Close is interesting

Certainly it would get into some great trades much earlier on those GBP pairs with long weekly wick candles

Many possibilities, especially for reversal trade, or when the 50 pips rule is close to the breakout level anyway, something to think about

https://www.forexfactory.com/showthr...171#post182171
It takes a lot for me to IGNORE you, but you can try.
  • #24
  • Oct 20, 2018 9:00pm Oct 20, 2018 9:00pm
Found a great FREE indicator for displaying previous day, week and month High and Low

Bonus, it also shows the previous period CLOSE, and has alert option

Here is last week NZDUSD, perfect retrace and test, shows the perils of stop to breakeven

Attached Image (click to enlarge)
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https://www.mql5.com/en/market/produ...tab_p_overview
It takes a lot for me to IGNORE you, but you can try.
  • #25
  • Oct 22, 2018 6:55pm Oct 22, 2018 6:55pm
I guess everybody lost interest here....

Some early breakouts this week, never know to trust a Monday move or not...

GBPUSD the best so far, after it had broken and retraced the week before

But any good Brexit news could see this pair rocket hundreds of pips so be careful

AUD weak, nothing new there

Attached Image (click to enlarge)
Click to Enlarge Name: 2018-10-23_9-51-58.png Size: 68 KB
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  • #26
  • Oct 23, 2018 12:54pm Oct 23, 2018 12:54pm
Quoting Erebus
I guess everybody lost interest here.... Some early breakouts this week, never know to trust a Monday move or not... GBPUSD the best so far, after it had broken and retraced the week before But any good Brexit news could see this pair rocket hundreds of pips so be careful AUD weak, nothing new there {image}
Ur right....
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Vucking good EA coder... https://t.ly/AZjRM
  • #27
  • Oct 23, 2018 12:57pm Oct 23, 2018 12:57pm
.
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Vucking good EA coder... https://t.ly/AZjRM
  • #28
  • Oct 23, 2018 12:58pm Oct 23, 2018 12:58pm
..
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Vucking good EA coder... https://t.ly/AZjRM
  • #29
  • Oct 23, 2018 12:59pm Oct 23, 2018 12:59pm
...
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Vucking good EA coder... https://t.ly/AZjRM
  • #30
  • Oct 23, 2018 1:00pm Oct 23, 2018 1:00pm
....
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Vucking good EA coder... https://t.ly/AZjRM
  • #31
  • Oct 23, 2018 1:00pm Oct 23, 2018 1:00pm
.....
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Vucking good EA coder... https://t.ly/AZjRM
  • #32
  • Oct 23, 2018 1:36pm Oct 23, 2018 1:36pm
Quoting Erebus
This looks like a fun thread, mind if I join in? I have seen a thread on follow the monthly candle and another on follow the daily candle, maybe it time for FOLLOW the WEEKLY CANDLE? You want breakouts, you want big pips, why not weekly breakouts? The concept, place the trade at the breakout of the previous week's high or low; price will determine the direction. Or perhaps 10 or 20 pips outside that level, depends on your experience with this; an EA won't care. Do this as a BASKET trade for the 28 pairs, basket theory being, positive moves will...

No lost interest. The second week are testing Your system. And the results are impressive. I take screenshots of your messages and collect all the conditions for entering and exiting trades. Don't you want to open your branch?
  • #33
  • Oct 23, 2018 1:52pm Oct 23, 2018 1:52pm
(2.) Trueman:
Attached Image
Attached File(s)
File Type: ex4 Trueman - BO with RR V1.00 - Forex EA - V6.00 .ex4   218 KB | 453 downloads
Vucking good EA coder... https://t.ly/AZjRM
  • #34
  • Oct 23, 2018 1:53pm Oct 23, 2018 1:53pm
Quoting Sasha1978040
{quote} No lost interest. The second week are testing Your system. And the results are impressive. I take screenshots of your messages and collect all the conditions for entering and exiting trades. Don't you want to open your branch?
Just generate a thread in the trading disc forum here and post several screens to show me what you want & trade...
Vucking good EA coder... https://t.ly/AZjRM
  • #35
  • Oct 23, 2018 2:19pm Oct 23, 2018 2:19pm
Quoting reteid2222
(2.) Trueman: {image} {file}
hello what timeframe for this?
  • #36
  • Oct 23, 2018 8:05pm Oct 23, 2018 8:05pm
Quoting Sasha1978040
{quote} No lost interest. The second week are testing Your system. And the results are impressive. I take screenshots of your messages and collect all the conditions for entering and exiting trades. Don't you want to open your branch?
there would be no results this week the way price action is going

Red line and Green line and White Dash line are the PREVIOUS week's high, low and close

only GBPCHF GBPUSD show any promise with almost half the trading hours gone

All waiting on Draghi to speak or the CAD interest rates or Brexit news???

Who know? Speak up now, thanks

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #37
  • Oct 26, 2018 3:08am Oct 26, 2018 3:08am
Quoting Erebus
This looks like a fun thread, mind if I join in? I have seen a thread on follow the monthly candle and another on follow the daily candle, maybe it time for FOLLOW the WEEKLY CANDLE? You want breakouts, you want big pips, why not weekly breakouts? The concept, place the trade at the breakout of the previous week's high or low; price will determine the direction. Or perhaps 10 or 20 pips outside that level, depends on your experience with this; an EA won't care. Do this as a BASKET trade for the 28 pairs, basket theory being, positive moves will...
You are presenting nice values but not complete concept! Where is exactly the sl for the calculation of your nice values?
NO Answer....
Vucking good EA coder... https://t.ly/AZjRM
  • #38
  • Oct 26, 2018 3:33pm Oct 26, 2018 3:33pm
Quoting reteid2222
{quote} You are presenting nice values but not complete concept! Where is exactly the sl for the calculation of your nice values? NO Answer....
Stop Loss? No stop loss, only looking at where the break of low is and where price is at the end of the week

The concept of a basket trade is that they will balance out to keep drawdown to a minimum

Then hopefully a break of enough pairs in correct direction will give profit

Answered
It takes a lot for me to IGNORE you, but you can try.
  • #39
  • Oct 27, 2018 12:27am Oct 27, 2018 12:27am
SCREENER ADX DMI

Hello I am looking for a screener that would detect the presence of the 3 curves under the horizontal line 20: ADX + DI -DI The ideal would be that there is a node = the 3 curves intersect at the same point. You could vary the Unit of Time

I would like to have this screener to identify the situations that I think are tradable. in m1, m5, h1 It would be too good for me already


I'm sorry to give you some work THANK YOU


This Screener could become an automatic trading tool according to these conditions

Then this screener would give opening of the trade (purchase or sale) when 2 elements come out in parallel and cut the line 20. Closing when the 3rd line becomes parallel to the exit of the first 2

SI ADX // + DI = Purchase the closing of the trade is done when the -DI is put // at the crossing of the first 2

SI ADX // -DI = Sale the closing of the trade is done when the + DI is // at the intersection of the first two

SEE Drawing attached.
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Click to Enlarge Name: Explcation ADX DMI.jpg Size: 1.9 MB
  • #40
  • Oct 27, 2018 6:44am Oct 27, 2018 6:44am
Morning break out range inspires me...normally:
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Vucking good EA coder... https://t.ly/AZjRM
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